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20121009
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in energy, food. >> absolutely right. and what's critical is that everybody now believes there will be some extra inflationary pressure in the system and that's extremely good news. luckily i think the risks are off the table and one can be supportive of equities in terms of higher valuations until inflation gets in excess of 4 percentage points, at which point people begin to worry about what will happen to the quality of earnings. >> the key thing here is the corporate take of gdp has never been at such a high level versus -- and wage earners take gdp as a pretty low level on a historical basis. i suppose the question is that going to remain or is there anything that will tip the employee share back? at which point things will change. >> you're right, it's pivotal to the levels and whether they can be maintained. there are two factors that allow me to feel more confident. first is the government policies are pro recovery coming from corporate as opposed to try and get workers to have higher incomes workers themselves don't have price impact power in the marketplace. global trend is still
be coming to the fore. . there's an underlying macro cramer, but a lot of changes going on. energies and energy efficiency. many aspects to it. >> other stories today, a bid to prevent another financial crisis, the review led by bank of fin len governor is expected to call for a separation of retail and investment operations. the report will also call for bonuses to be paid in debt. we'll hear from the central bank later today. meanwhile steve hester has called for banks to readjust back to a more customer focused approach. speaking at the london school of economic, he said lenders need to restore good customer service to regain trust of the public and rbs is the poster child for what went wrong in banking. and eric snyderman is suing jpmorgan. the suit partly the result of a federal mortgage task force formed in january. investors lost around $22 billion and more than 100 securities. jpmorgan says the suit involves actions taken at the behest of the u.s. government. jpmorgan stock closing up 1.2%. and "new york times" says u.s. senate will try to use the lame duck session to reach a
of nuclear power. joining us now is scott parker, director of uk nuclear energy sector. this franco chinese con sorpgs, talking about buying the verizon nuclear venture. where do you think this leaves the transaction? >> there are only two nuclear vendors that are approved for use in the uk and that's westing house and ariva. obviously one of those is no longer available. >> they are trying to maximize the proceeds, but if you knock out one of the key buyers, is it fair to say we're not going to get the top dollar for this asset if it is eventually sold? >> i'm not sure that's true. there are two other companies that are interested. the disadvantage is they haven't got their reaction or the technologies approved, so if they do buy the nuclear company, there will be a delay of another two or three years before they could start construction on site. >> let's just delve into some of the regulatory hurdles because the chinese obviously have the cash to buy these types of assets. what hurdles do they face investing in the key strategic assets in the uk? >> if the westinghouse china state nuclear
't exploited the full potential, we have alternative source of energy like solar energy or wind energy, we have agricultural output that we don't take advantage of, so there are ma so many resources and opportunities in greece, it's not a matter of the private sector doing poorly or a lack of resources, but it's rather how the state is operating, we have a big public sector as you know, we have tax evasion and we have no privatizations. if we change these things if we're not a state controlled economy but instead a private controlled economy we can see a different picture and to me by staying in the european union this is where we should concentrate. it's not how much you value the currency or you divide the labor cost but what kind of economy you are, where you wish to go. >> that's similar to the debate we seem to be having here in the united states. thanks so much for joining us this morning and congratulations on your deal and good luck with it. >> thank you very much. >> thanks for playing, sam. that was helpful. good to have you on the set. >> just look at that shot, crumbling infrastruct
shareholder temasek, but weakness in energy majors offset gains on that market due to slumping oil prices overnight. japanese stocks pushed higher in late trade following the u.s. presidential debate where governor romney the pro business candidate appeared to outshine president obama. so the nikkei rebounded off a four week low with automakers and financials surging. but tech shares lost ground after hewlett-packard's profit warning. hp contract makers in taiwans also felt the pain with the computer share sub index losing 1.6%, but tmanaged to close fla. we saw a bit of profit taking on samsung electronics ahead of its q3 earnings guidance tomorrow. australian miners were lower, but banks lent support to the afx 200 ending at a 14 month high. weaker than expected august retail sales added to the case for further interest rate cuts. sensex stronger by 1% at the moment. >> let's pick it up with the european markets. equity to modest moves ahead of the bank of england rate decision. we'll have that for you live. louisa will help us figure out what's going on there. dax ahead of the ecb deci
Search Results 0 to 4 of about 5